Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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gartley said:
I never said anything about living off dividends, your putting words into my mouth. Go back and read my earlier comment, it was regarding the potential capital losses and drawdown from holding stock for long periods just for the divvy.

Your comments below pal:
"So you consistently earn massive, top of the board returns, year after year, with no disruption/drawdown/volatility and you achieve this with just a few hours of work a day?

No. You don't"
By top of the board returns massive you said 30% like it was totally unacheivable. Well you have a trading statement judge. Read it and you see how much disruption and drawdown there is...
Now I have just shown you that it's very acheivable and I am not gonna post any other statements of other accounts because you are a waste of bloody time and I have better things to do..
Click to expand...

just to make calculations difficult , now you have inflation , which looks to be beginning to spiral out of control

so those returns need to out-pace inflation and the increased taxes ( either deliberately raised or via bracket creep )

those 30% returns savaged by 75% taxes ( and Medicare levy ) ( because you can bet the government will try to claw that 'easy money ' back ) won't be so easy to live on either

HOWEVER as a member pointed out a brave soul buying CBA @ $5.40 is still doing quite well with franking credits taking some of the bite out of the taxes ( or in my case PME @ 16.5 cents )

one problem with active trading is you need to be at the screen most trading days of the year ( maybe not glued to it , but close enough to check for a new opportunity , regularly )

the CBA shareholder .. looks in the bank account twice a year
 
frugal.rock said:
Love it.
Keep smashing this thread out.
The bots and algos with their text scraping abilities have ruled this out as a "fake news thread" (for now) because of a lack of correlation with the market.
It gets a 1 / 0, on / off, true / false logic assignment.

The thread that cried wolf. ?

Stop pussy footing around and get on with it.
Step on a crack, break your mother's back etc
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i can add a 'trigger word ' if you like

say C.... virus , or recession , or maybe .... H....-IN......

conspiracy chatter adds an air of excitement
 
I reckon @Joe Blow should visit with a big stick and magic wand and vanquish all the off topic banterers.
The ASX is NOT tanking, so there is no need to panic.

The conversation had degenerated down to soup vegetables anyway.
 
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frugal.rock said:
I reckon @Joe Blow should visit with a big stick and magic wand and vanquish all the off topic banterers.
The ASX is NOT ranking, so there is no need to panic.

The conversation had degenerated down to soup vegetables anyway.
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Not ranking or not tanking? Either way, this thread title is tongue in cheek so I don't think it should be taken too seriously. it's just a way to lighten the mood a bit when the market is tanking, which for most people is an unpleasant occurrence.

But yes, let's discuss the tanking market here and leave other matters for other threads please. If the off topic banter continues I will have to move some posts out of here.
 
waterbottle said:
Please post more FUD
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OK, some leading indicators from the US markets...

1661872946751.png

Heatmap really gives which direction stocks are taking, which could be relevant to asx tomorrow when it trades.

1661873040913.png

BTW, I was enjoying the off topic short-term trading vs long term investing debate... :laugh:

'cause I try to do both and both are hard in the current environment ?
 
i would have thought the trend traders would be doing OK currently , between reporting season and stocks going ex-div. , there should be some swings to be played

that heat map reminds me of the last time i seeded a lawn ( stuff all grass , a few weeds and sun-baked soil all over )
 
waterbottle said:
Down 2% today on the back of nasdaq futures being down 1%. Looks like we might be heading towards June lows
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You could be right. The ASX200 has taken out the critical 6960/40 region with ease in today’s early sell-off.

While the market is likely to see support around the lows from January, a break below here would likely put the June lows back in sight. Should be interesting to see if bulls can regain some control at these levels today, or if bears continue to dominate.

ASX - 01092022 (1).png
 
CityIndex said:
You could be right. The ASX200 has taken out the critical 6960/40 region with ease in today’s early sell-off.

While the market is likely to see support around the lows from January, a break below here would likely put the June lows back in sight. Should be interesting to see if bulls can regain some control at these levels today, or if bears continue to dominate.

View attachment 146231
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Looks the same on XAO support across 7200 ish.

Breakdown may confirm we just saw a bear market rally only.
 
CityIndex said:
While the market is likely to see support around the lows from January, a break below here would likely put the June lows back in sight. Should be interesting to see if bulls can regain some control at these levels today, or if bears continue to dominate.
Click to expand...
Sounds like a daily Horoscope reading, hahahaha
 
frugal.rock said:
Forget the rhetoric.
Crack on with it lads.
There's always something heading north.
Find it.

Insert sarcastic Homer Simpson voice here...
"Oooh, The market is tanking is it? Oooh, watch me panic!"

View attachment 146242
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RE: "Forget the rhetoric.
Crack on with it lads.
There's always something heading north.
Find it".

Love it. I'm going to laminate above & stick it on my toilet door! Lol haha remind me every time that there's always an opportunity in the market 24/7
 
Telamelo said:
RE: "Forget the rhetoric.
Crack on with it lads.
There's always something heading north.
Find it".

Love it. I'm going to laminate above & stick it on my toilet door! Lol haha remind me every time that there's always an opportunity in the market 24/7
Click to expand...
waterbottle said:
Bboz?
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I was thinking same: 1662011181650.png

1662011286145.png
1662011485779.png
current portfolio top performers so far today
sold roughly half BBOZ earlier this morning at $4.21

Other way is obviously options:
1662011714573.png
so yes, there is always a way to make money but .....
 

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